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Yooma Wellness Acquires Japanese Wellness Business For Us$12,000,000

PRIVATEOct 04, 2021

Acquiring Company

Yooma Wellness Inc.

Acquired Company

Yooma Wellness Inc.

TorontoTorontoOtherHealth CareOtherHealth Care

Description

Yooma Wellness Inc. ("Yooma") (CSE: YOOM, AQSE: YOOM), a Toronto-based vertically-integrated global wellness platform that develops and markets a portfolio of wellness brands, announced today that it has completed the acquisition of Tokyo-based Vertex Co., Ltd. (“Vertex”). The transaction is valued at US$12,000,000 and was completed after market close on Friday, October 1.

Quick answer

Yooma Wellness Inc. is acquiring Yooma Wellness Inc. for $12 million, announced October 4, 2021. Yooma Wellness Inc. is based in Toronto, Ontario, Canada.

Who acquired Yooma Wellness Inc?
Yooma Wellness Inc. agreed to acquire Yooma Wellness Inc. on October 4, 2021.
How much did Yooma Wellness Inc. pay for Yooma Wellness Inc?
The reported deal value is $12 million.
Where are Yooma Wellness Inc. and Yooma Wellness Inc. based?
Yooma Wellness Inc. is based in Toronto, Ontario, Canada. Yooma Wellness Inc. is based in Toronto, Ontario, Canada.

Source: Fundz verified event record.

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Company Information

Company

Yooma Wellness Inc.

Location

135 YORKVILLE AVENUE

Toronto, Ontario, Canada

About

Yooma's mission is to build a vertically-integrated global leader in the manufacturing, marketing, distribution, and sale of wellness products including hemp seed oil and hemp-derived and cannabinoid (CBD) ingredients. The company leverages strategically curated sales channels and ecommerce networks to deliver a diverse mix of wellness products through operating subsidiaries in the United States, United Kingdom, France and Japan. Learn more at www.yooma.ca. Issuer Contact:Jordan Greenberg, CEOEmail: jgreenberg@yooma.caPhone: 1-512-823-1678

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Frequently asked

Who acquired Yooma Wellness Inc.?

Yooma Wellness Inc. was acquired by Yooma Wellness Inc., based in Toronto. The deal was reported on October 4, 2021. Yooma's mission is to build a vertically-integrated global leader in the manufacturing, marketing, distribution, and sale of wellness products including hemp seed oil and hemp-derived and cannabinoid (CBD) ingredients. Yooma Wellness Inc. is privately held and operates in Other.

When did Yooma Wellness Inc. acquire Yooma Wellness Inc.?

Yooma Wellness Inc.'s acquisition of Yooma Wellness Inc. was reported on October 4, 2021. Yooma Wellness Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Yooma Wellness Inc. do?

Yooma's mission is to build a vertically-integrated global leader in the manufacturing, marketing, distribution, and sale of wellness products including hemp seed oil and hemp-derived and cannabinoid (CBD) ingredients. It is privately held, operating in Other, and is based in Toronto.

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